Entrepreneurship and Stock Price Index

Abstract:     
In this paper it will be shown that entrepreneurial caliber is the most important factor to determine share prices having a positive impact on share prices. This analysis refers annually to the whole economy, where entrepreneurial caliber is the country’s average and share price is the country’s average share price index. The contribution of this paper relies on the original method of estimation of the entrepreneurial caliber. Panel data cover many western European countries, Japan and the United States for the period 1993-2006 and are elaborated with Eviews software package.

Number of Pages in PDF File: 10

Keywords: Entrepreneurship, corporate governance, company performance, stock exchange, panel data analysis

JEL Classification: M13, G3, L25, G1, C23

working papers series